Which of the following statements is correct with respect to GASB Statement No. 53 which establishes reporting requirements for governments entering into derivative instruments?
A) Changes in the value of hedge derivatives are deferred and reported in the Statement of Net Position.
B) If a derivative is an investment derivative, the changes in the value of the derivative are deferred and reported in the Statement of Net Position.
C) Statement No. 53 does not apply to proprietary funds.
D) Statement No. 53 applies to government financial statements prepared using the modified accrual basis of accounting.
Ans: A) Changes in the value of hedge derivatives are deferred and reported in the Statement of Net Position.
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Fill in the blank(s) with the appropriate word(s).
Table 6.2 in the text provides a comparative evaluation of survey methods. Which two methods were shown as high on the flexibility of data collection criteria?
A) in-home interviews; computer assisted telephone interviews (CATI) B) in-home interviews; mall intercept interviews C) Internet; mall intercept interviews D) computer assisted telephone interviews (CATI); mall intercept interviews